Donald Trump

State Authorities Probe Possible Trump Insurance Fraud

Written by SK Ashby

The New York State Department of Financial Services has reportedly launched an investigation of both the Trump Organization and their insurance broker according to the New York Times.

It's not entirely clear if this investigation is a direct response to his testimony, but Trump's longtime henchman Michael Cohen recently told Congress that Trump has inflated the value of his assets.

The nine-page subpoena demands a broad range of materials regarding Aon’s business with Mr. Trump and the Trump Organization dating back to 2009, according to the person briefed on the matter, who spoke on the condition of anonymity because he was not authorized to discuss it publicly.

Among other things, it seeks copies of all communications between Aon and Mr. Trump and the Trump Organization, as well as all internal Aon documents relating to Mr. Trump and the company, the person said.

The regulators are also looking at compensation for the current and former Aon employees who handled the Trump Organization account, seeking information about their incentives, bonus payments or commissions. They are seeking similar contracts and agreements between Aon and Mr. Trump.

Considering everything we know about Trump, his family and business, I find it almost implausible that he hasn't engaged in widespread insurance fraud. But that's up to investigators to prove, of course.

While the state's Department of Financial Services cannot file criminal charges, it can refer anything it finds to state prosecutors who can file charges.